PauloGeordio Posted July 16 Share Posted July 16 11 minutes ago, gdm said: Brilliant. We are in such good hands. The only way is up 🖤🤍 Link to post Share on other sites More sharing options...
Joelinton7 Posted July 16 Share Posted July 16 (edited) Confirming there that we are now PSR compliant. There was some uncertainty in the couple of days after the deadline over whether we’d done enough. I never believed the club were that naive and underprepared to let us fall foul of this stuff. Edited July 16 by Joelinton7 Link to post Share on other sites More sharing options...
nufcjmc Posted July 16 Share Posted July 16 He mentions psr and 2 lots of losses of 70m which is 140m so 35m over I guess the 3rd year was a smaller loss as we ended up selling 2 players rather than 1? Link to post Share on other sites More sharing options...
Mikky Posted July 16 Share Posted July 16 2 minutes ago, nufcjmc said: He mentions psr and 2 lots of losses of 70m which is 140m so 35m over I guess the 3rd year was a smaller loss as we ended up selling 2 players rather than 1? Hopefully someone on here can help explain - I have no idea with PSR Link to post Share on other sites More sharing options...
Ikon Posted July 16 Share Posted July 16 Not much new but that interview was very satisfying anyway and just confirms that even better times await. Exciting indeed. Link to post Share on other sites More sharing options...
Guest Posted July 16 Share Posted July 16 He’s a very clever bloke and a good communicator. Rate him highly. Hopefully we get interviews with Mitchell and Bunce over this week too. #content Link to post Share on other sites More sharing options...
PauloGeordio Posted July 16 Share Posted July 16 7 minutes ago, Ikon said: Not much new but that interview was very satisfying anyway and just confirms that even better times await. Exciting indeed. Good times, enjoying “the journey” Link to post Share on other sites More sharing options...
timeEd32 Posted July 16 Share Posted July 16 22 minutes ago, nufcjmc said: He mentions psr and 2 lots of losses of 70m which is 140m so 35m over I guess the 3rd year was a smaller loss as we ended up selling 2 players rather than 1? The third year (this past year, 2023/24) had to be a profit to offset the losses over £105m. I wouldn't use the exact numbers he's saying as there's also the allowed deductions, but it gives the gist of it. Now that we're in a new three year cycle one of those big loss years drops out so, in effect, we could have another year with a big loss (and another one next year as well). It's not quite as simple as that though because while our revenue is much higher than three years ago so is our cost base. It took a significant amount of player sales to turn that profit, which is not ideal. It is interesting to me that he's indicating the shackles may be off a bit again when we're almost certainly not in great shape for UEFA's metrics or the potential new PSR cost control ratio. Link to post Share on other sites More sharing options...
Keegans Export Posted July 16 Share Posted July 16 29 minutes ago, nufcjmc said: He mentions psr and 2 lots of losses of 70m which is 140m so 35m over I guess the 3rd year was a smaller loss as we ended up selling 2 players rather than 1? If we really lost £140m over two seasons, we'd have to have made a profit of £35m this season just gone in order to be within the limits. 21/22 -£70m 22/23 -£70m 23/24 +£35m So now that first £70m has dropped off, we're on -£35m and could theoretically end up -£70m this season and still be within the limit. The problem is when that +£35m season drops off we could be in trouble again unless we sell more players or increase our income (which hopefully we will with further sponsorship and Champions League football...) Link to post Share on other sites More sharing options...
Kanji Posted July 16 Share Posted July 16 Like hearing that the new performance director will oversee science and medical; something Eddie also wanted. Link to post Share on other sites More sharing options...
Kid Icarus Posted July 16 Share Posted July 16 Eales is such a management speak guy like. Find it quite funny though. Link to post Share on other sites More sharing options...
Ben Posted July 16 Share Posted July 16 3 minutes ago, timeEd32 said: The third year (this past year, 2023/24) had to be a profit to offset the losses over £105m. I wouldn't use the exact numbers he's saying as there's also the allowed deductions, but it gives the gist of it. Now that we're in a new three year cycle one of those big loss years drops out so, in effect, we could have another year with a big loss (and another one next year as well). It's not quite as simple as that though because while our revenue is much higher than three years ago so is our cost base. It took a significant amount of player sales to turn that profit, which is not ideal. It is interesting to me that he's indicating the shackles may be off a bit again when we're almost certainly not in great shape for UEFA's metrics or the potential new PSR cost control ratio. Would it help if we got these new sponsorship deals Link to post Share on other sites More sharing options...
Elliottman Posted July 16 Share Posted July 16 A very intentional and informative message, just what everyone needed to hear. Lots of facts rather than hearsay, ambitions clear , FFP status clear, direction clear 👏🏻 Link to post Share on other sites More sharing options...
Nucasol Posted July 16 Share Posted July 16 1 hour ago, gdm said: Loves the buzz word “activations”. Link to post Share on other sites More sharing options...
duo Posted July 16 Share Posted July 16 1 hour ago, gdm said: great interview Link to post Share on other sites More sharing options...
Ben Posted July 16 Share Posted July 16 First time in 10 years a club finishing 7th hasn't made Europe!! Link to post Share on other sites More sharing options...
Paully Posted July 26 Share Posted July 26 https://www.nytimes.com/athletic/5655094/2024/07/26/newcastle-structure-owners-staff-coaches/ Link to post Share on other sites More sharing options...
Miggys First Goal Posted July 26 Share Posted July 26 There’s a tiny (and I do mean TINY) part of me that feels for Charnley having to deal with absolutely everything on what was a pittance of a pay. Link to post Share on other sites More sharing options...
Dr Jinx Posted July 26 Share Posted July 26 I said the same thing last month and got chewed for it 😂 but I was wrong, we should never feel sorry for that cunt. Ever. Link to post Share on other sites More sharing options...
toon25 Posted July 26 Share Posted July 26 Nah, he was complicitly incompetent in dragging this club into the mud. Fucking thumb-heed Ashley cuck. Link to post Share on other sites More sharing options...
Guest Posted July 26 Share Posted July 26 Still convinced the chairman in Ted Lasso was based on him. Link to post Share on other sites More sharing options...
Scotty66 Posted July 26 Share Posted July 26 (edited) It's seriously baffling how we didn't drop down to league 1 when Ashley was here knowing just how lacking we were in every area of the club. Throw in some Colbacks, Carvers and Woodmans and the club should have fallen faster than a bad day on Wall Street in all honesty. Edited July 26 by Scotty66 Link to post Share on other sites More sharing options...
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